This text was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 0 License without attribution as requested by the work’s original creator or licensee. Preface



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KEY TAKEAWAYS


  • The move to a postindustrial economy has resulted in a loss of jobs and wages in the United States, thanks in part to capital flight and outsourcing.

  • Unemployment soared after the Great Recession that began in late 2007. Joblessness has significant consequences for the financial and psychological well-being of the millions of people who are unemployed.

  • Economic inequality has greatly increased since the 1970s, thanks in large part to changes in the tax code that favored the wealthy.

  • Corporations often engage in white-collar crime that costs hundreds of billions of dollars annually and results in tens of thousands of deaths.




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